“For US equities, the previous instance of severe debt-inflation in the U.S. is the most frighteningly obvious precedent. the backdrop preceding The Great Depression had strikingly fundamental and technical similarities to today.”

There are almost 50 million Americans living in poverty. About one in three Americans are unemployed, and we’re supposed to somehow believe things are going to get better? The government claims 5% unemployment, yet they stop counting unemployed people when they stop looking for jobs, or when their unemployment checks run out. How can a country have 100 million unemployed people and still function?

“The government” already did the bailouts. The government already poured trillions of dollars into the economy. They can’t do it again.

Americans were given a temporary break, because oil prices went down, and we saved some money on gas. What most folks don’t understand is, that wasn’t really a good thing.

The Saudi’s were trying to push American oil companies out of business. Our so-called “allies” didn’t like the competition, so they flooded the world with oil. They didn’t count on the global economic slowdown though, which resulted in a huge glut of oil around the world, which helped drive prices down further.

Now, many states in America are struggling again, because oil was low for so long, many people are losing their jobs.

Let’s take a moment to look at our “friends” in the Middle East. When the Middle East attacked Israel in 1973, Israel cleaned their clocks and won the war easily. After the war, Saudi Arabia was mad at America, and the rest of the world, so they cut off our oil supply.

Anybody who was alive back then remembers the panic. In Germany, there was no driving on Sunday. In America, you got gas based on odd or even numbers on your license plate.

Eventually, things went back to normal.

Once again, all these years later, Saudi Arabia attacks America by trying to bankrupt American oil businesses.

With friends like them, who needs enemies?

What’s next? Oil will certainly go back up in price. It could possibly even double by the end of the year.

Governments all over the world will print more money to put into their economies, to try to prop things up as long as possible. I doubt it’ll work.

America will continue to print fake money. The dollar today is worth about five cents. How much longer do you think we will be able to keep the printing presses going?

Referring to a report by the IMF, the Telegraph says “Stocks in the UK, US, eurozone and China would lose a fifth of their value over two years, it estimated.”

That would drop the United States stock market from around 17,000 to around 13,600.